World Bank Economic Review, Vol. 31, No. 3

What Is Considered Development Economics? Commonalities and Differences in University Courses around the Developing World - David McKenzie and Anna Luisa Paffhausen

Does Financial Education Impact Financial Literacy and Financial Behavior, and If So, When? -Tim Kaiser and Lukas Menkhoff

A First Step up the Energy Ladder? Low Cost Solar Kits and Household’s Welfare in Rural Rwanda -Michael Grimm, Anicet Munyehirwe, Jörg Peters, and Maximiliane Sievert

The Cost of Fear: The Welfare Effect of the Risk of Violence in Northern Uganda - Marc Rockmore

Identifying Gazelles: Expert Panels vs. Surveys as a Means to Identify Firms with Rapid Growth Potential -Marcel Fafchamps and Christopher Woodruff

On Minimizing the Risk of Bias in Randomized Controlled Trials in Economics - Alex Eble, Peter Boone, and Diana Elbourne

Donor Competition for Aid Impact, and Aid Fragmentation - Kurt Annen and Luc Moers

The Impacts of India’s Food Security Policies on South Asian Wheat and Rice Markets - Nelson Benjamin Villoria and Elliot Wamboka Mghenyi

Effect of Lengthening the School Day on Mother’s Labor Supply -Dante Contreras and Paulina Sepúlveda

Can Agricultural Interventions Improve Child Nutrition? Evidence from Tanzania - Anna Folke Larsen and Helene Bie Lilleør

The Impact of Positive and Negative Income Changes on the Height and Weight of Young Children - Thomas Buser, Hessel Oosterbeek, Erik Plug, Juan Ponce, and José Rosero

The Effect of a Transfer Program for the Elderly in Mexico City on Co-Residing Children’s School Enrollment - Emilio Gutierrez, Laura Juarez, and Adrian Rubli

Food price Volatility and its Consequences: Introduction

Commodity prices are in the news. Oil prices have dropped 65% since June 2014…

Rural Agricultural Markets: A Case Study in Ghana. Working paper prepared for the International Growth Centre

In this report we describe the start of a pilot baseline study of the soon to be established Ghana commodity exchange.

Commodity Exchanges in Africa: Transforming African Agriculture and Finance

The Ghana government has recently decided to establish a commodities exchange and warehouse receipt system to improve the welfare of farmers.

Sustaining High Economic Growth in Sub-Saharan Africa: Knowledge and the Structure of the Economy

This paper discusses the role of knowledge and the structure of the economy in sustaining high economic growth, with an emphasis on Sub-Saharan Africa.

Africa and the Indian Ocean: Trade, Investments, Global Partnerships, and Lessons

The relationships between African and the Indian Ocean span millennia. Between nations in Africa and those on the Indian Ocean there are opportunities for greater trade, for increased investments and for enhanced geo-political cooperation.

The United Arab Emirates: Some Lessons in Economic Development, Working Paper

Oil was discovered in the United Arab Emirates (UAE) just 50 years ago. During that time, UAE has ben able to transform itself into a rapidly modernizing country, which is fast becoming a major economic hub and a key player on the international economic landscape.

Optimal Growth with Unobservable Resources and Learning

This paper examines the problem of choosing optimal resource consumption from an imperfectly observable aggregate capital, wealth, or resource stock with the decision-maker learns about over time.

Stochastic Growth When Utility Depends on Both Consumption and the Stock Level

This paper examines the dynamic behavior of optimal consumption and investment policies in the aggregate stochastic growth model when utility depends on both consumption and the stock level.

Stochastic Dynamic Models with Stock-Dependent Rewards

We examine the behavior of optimal consumption and investment policies in aggregate stochastic growth models when utility depends on both consumption and the stock level…

On the Existence of Optimal Processes in Non-Stationary Environments

We consider an aggregative model of intertemporal allocation under uncertainty, in which the utility and production functions are allowed to be time dependent, the random shocks occurring in each period are entirely arbitrary…

Dynamic Optimization under Uncertainty: Non-Convex Feasible Set

The object of the book is refinement, not reconstruction; it is study in ‘pure theory.’ The motive back of its presentation is twofold…

On Characterizing Optimality of Stochastic Competitive Processes

A condition is provided to replace the transversality condition in characterizing the optimality of competitive processes…